Slide 1: Interim Report January — March 2022
Interim Report January — March 2022 29 April 2022 Anders Engdahl, President and CEO Michael Ladurner, CFO intrum
Slide 2: Today's presenters
Today’s presenters Anders Engdahl President and Chief Executive Officer Michael Ladurner Chief Financial Officer intrum
Slide 3: Highlights of Q1 2022
Highlights of Q1 2022 Strong delivery in seasonally slower quarter Servicing: strong underlying performance = Strong organic growth trajectory - Servicing cash revenues up 4% vs. Q1'21 - No direct impact from the war in Ukraine - Cash revenues up 10% and cash EBITDA up 12% vs. Q1 ‘21, leverage ratio
Slide 4: Consistent long term track record of delivering double digit cash EBITDA and cash EPS growth
Consistent long term track record of delivering double digit cash EBITDA and cash EPS growth Cash EBITDA 16,000 Pre-merger 60 ¥4000 dae 12310 12633. | 50 — 12,000 eorrrrOrCrn - 11,607 . . = 000) 9286 2g °* Trajectory of growing cash = 5000 : 0 generation in terms of cash 6,000 | &_ EBITDA and cash E
Slide 5: Servicing: Increasing demand for Intrum's services expected
Servicing: cS Increasing demand for Intrum’s services expected eal Market dynamic European Economic Sentiment decreased substantially in Q1 ‘22 (-5.3 points to 107.5) ECB’s Bank Lending Survey indicates significant increase in demand for consumer credit in Q1 ‘22 (net percentage of banks at 11% vs.
Slide 6: Portfolio Investments: Growing volumes and stable returns
Portfolio Investments: Growing volumes and stable returns Market dynamic + ECB statistics show a still decreasing NPL ratio (2.1% as of Q4 ‘21), while the Stage 2 loan ratio is now increasing (9.1% as Q4 ‘21) * Market cost of funding significantly up and increasing due to rising rates and increased
Slide 7: ONE Intrum transformation program: Well on track with more potential
ONE Intrum transformation program: MX Well on track with more potential down the line ONE Intrum Transformation program spend, SEK M 2020 2021 2022 2028 150 1500 9) 100 1000 * Program 3% below budget to date 50 500 : Q420 QI21 Q221 Q321 Q421 Q122 Q222 Q322 Q422 Q123 Q223 Q323 Q423 : . Successfully m
Slide 8: ONE Intrum transformation program: KPIs
ONE Intrum transformation program: KPIs FTE cost-to-collect RTM, % 7.0% 6.5% CC ——— eS ee SS 5.5% like-for- ==. © 5.0% “ion ~ 45% 4.0% Quarterly actuals 2021 2022 2023, Planned vs. realised program savings, run-rate SEK M 1500 Savings run-rate >SEK 1bn by YE 2023 1000 500 2022 2023, 2024 intrum SC O
Slide 9: Significant progress on ESG targets
Significant progress on ESG targets By 2023 Outcome 2021 (2020) Ethical collections Focus on Sustainability by treating customers fairly 1. Maintain the high level of Value index above 80/100 Value index improves to 85 (82) * Task Force on Climate Related Financial Disclosures (TCFD) reporting start
Slide 10: Financials
Slide 11: Group key financials: Strong underlying performance in seasonally slower Q1
Group key financials: Strong underlying performance in seasonally slower Q1 SEK M Q12022 Q12021 Change % RTM FY 2021 Cash revenues 5792 5249 10 22758 22 215 Cash EBITDA 3035 2712 12 12 633 12310 Replenishment capex -1545 -1259 23 -5 940 -5 654 Other capex -81 -88 -8 -306 -314 Cash EBIT 1409 1365 3 6
Slide 12: Group cash earnings generation: Recurring cash earnings yield in excess of 13%
Group cash earnings generation: Recurring cash earnings yield in excess of 13% =] RTM, SEK bn 50 28 35 35 34 34 32 29 : 22 28 0 20 10 Qa Ql Q2 Qs Qa a} \ a2 @ \ 2020 2021 2022 | \ / 12.6 \ = —— / “10.1 \ Y L_ 6.4 59 03 = 3.4 -3.0 Cash EBITDA Replenishment Othercapex CashEBIT _Cashnet Recurring capex
Slide 13: Credit Management Services: Cash revenues growth & capability building
Credit Management Services: Cash revenues growth & capability building SEK M Q12022 @12021 Change % RTM FY 2021 Cash revenues 1054 1038 2 4117 4102 Cash EBITDA 324 412 -21 1613 1701 Other capex 9 -16 -39 =55, -61 Cash EBIT 314 396 -21 1558 1640 Avg. invested capital 19 078 18 970 1 19129 19103 Segme
Slide 14: Strategic Markets: Continued strong performance across all 3 markets
° Strategic Markets: 6. ° Continued strong performance across all 3 markets Pant rategic Markets SEK M Q12022 @12021 Change% RTM FY 2021 Cash revenues 1418 1346 5 5695 5624 ; Cash EBITDA 739 657 12 3162 3080 Wary Sirens UTS ELAN . Other capex nN 42 8 mn 2 performance trajectory especially Cash EBIT
Slide 15: Portfolio Investments: Self-funded growth with attractive returns
Portfolio Investments: Self-funded growth with attractive returns SEK M Q12022 @12021 Change % RTM FY 2021 Cash revenues 3320 2864 16 12 946 12 489 Cash EBITDA 2486 2089 19 9614 9216 Replenishment capex -1545 -1259 23 -5 940 -5 654 Cash EBIT 942 830 14 3675 3562 Avg. invested capital 39 289 34 673 1
Slide 16: Funding: Ample liquidity and no significant debt maturities until 2024
Funding: Ample liquidity and no significant debt maturities until 2024 Underwriting returns vs. funding cost 16.0% 120% ee 8.0% 4.0% + <=> | QI 18 Q2 18 Q3 18 Q4 18 Q119 Q219 Q3 19 Q4 19 QI 20 Q2 20Q3 204 20 QI 21 Q2 21 Q3 21 Q3 21. Q4 21 Qi 22 — Cost of funds Maturity profile SEKM 20 000 16.000 12.
Slide 17: Medium-term financial targets
Medium-term financial targets: Continued progress towards medium-term financial targets >10% OO BIG —BI% 4% . Cash RoIC i 68% 7A% 8.0% (RTM) ia | ai Q120. Q220 Q320 Q420 QZ «6221-321 42122 CAGR a ee 28.5 Recurring >10% . consolidated i U growth * We remain on track towards our ears medium-term finan
Slide 18: Final remarks
| remarks F
Slide 19: Final remarks
Final remarks CMS * Continued improvement of new case * Substantial pipeline of exclusive or + Benefits are becoming visible in inflows and conversion of signed privileged transactions with attractive numbers contracts i i A p Wel Reverie! paeeils + Fully on track to deliver an improved + Macro driv
Slide 20: Q&A
Q&A intrum
Slide 21: Appendix
intrum x
Slide 22: Table of Contents
Table of Contents 1. Outstanding interest rate bearing debt 2. Pro forma portfolio investments and ROI 3. Current MoM for replenishment capex calculation 4. Estimated Remaining Collections (ERC) and collection performance nsecured portfolio vintages 6. Upcoming IR activities | intrum 22
Slide 23: 1. Outstanding interest rate bearing debt
1. Outstanding interest rate bearing debt amount (M) Amountin , rate Maturity SEK 750 2.52% 9/12/2022 Quarterly 6/13/2022 $E0013104072 SEK 2900 2900 3.31% 7/3/2023 Quarterly 7/4/2022: $E0011426295 EUR 900 9303 3.13% 7/15/2024 Biannually 7/15/2022.» XS1634532748 SEK 1500 1500 3.32% 10/1/2024 Quarterl
Slide 24: Pro forma portfolio investments and ROI
17.5% 17.5% 15.7% 14.7% 14.4% 14.4% 14.1% 11.8%
Slide 25: 3. Current MoM for replenishment capex calculation
3. Current MoM for replenishment capex calculation EK M Q318 Q418 = Q119 «8219 = Q319_ 419 A120: A220 = Q320 420 Q121 Q221 Q321 Q421 Q122 Purchase price of portfolios 9979538 12771436 = 831.=S« 3780 -—«1650««1267,= «837: 1256-=««1443)= «16801445 2183.—S«1675 acquired in quarter Lifetime ERC of portf
Slide 26: 4. Estimated Remaining Collections (ERC) and collections performance
4. Estimated Remaining Collections (ERC) and collections performance SEK bn 80 70 ‘I Y2. Y3 Y4 YS Y6 7 8 yo yiO YN YvI2 YI3 Ya YIS italian porftfolio ERC ERC Portfolio Investment collections vs. active forecast 120% 115% 10% 105% 100% 95% 90% 85% @ @® Hi WN 2018 2019 2020 2021 intrum Q2 18 3 18. Q4
Slide 27: 4. Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) SEK bn 12.0 9.0 lay 3.0 Pinaae Yo YI Y2 Y3 Y4 YS Y6 Y7 Y8 mStrategic Markets Other markets mNordics ERC (SEK bn) Y1 Y2 Y3 Y4 Y5 Y6 Y7 Strategic Markets 25 22 2.0 27 28 23 Wo Other markets 37 29 2.2 18 14 1.2 1.0 Nordics 24 21 Wo 17 15 14 1.2 DACH & UK 25 21 1
Slide 28: 4. Estimated Remaining Collections (ERC)
4. Estimated Remaining Collections (ERC) ERC by Asset Class ERC by Geography Real Estate Other 1% _\ markets Nordics ~~ Seewed 24% 24% DACH & UK Unsecured 20% 83% _ — Strategic Markets 32% ERC by Investment Type ERC by Industry Forward Realestate Other flows 2% 6% 14% Telecom 5% Credit cards . a Fin
Slide 29: 5. Unsecured portfolio vintages
5. Unsecured portfolio vintages Unsecured Purchase Collec’ books, SEKM price to date Constant currency vintage evoluti 3.50x <2010 8719 22726 2067 24793 2.80x 2010 1940 4.892 1092 5984 2011 2.660 6254 1304 7558 210x —— 2012 3.670 7994 1838 9.832 2013 3532 7149 2042 9191 2014 3811 7 685 2013 10 598 1
Slide 30: 6. Upcoming IR activities
6. Upcoming IR activities Q1 Virtual Roadshow * Organised by Citi Bank and Carnegie -10n1's and group audiocast meetings Financial calendar * 29 April 2022 Annual General Meeting * 21 July 2022 Interim report for the second quarter intrum Additional investor events * Deutsche Bank Leveraged Finance
Slide 31: Disclaimer
Disclaimer The material in this presentation has been prepared by Intrum AB (publ\ (“Intrum’). This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommenda
Slide 32: Leading the way to a sound economy.
Leading the way to a sound economy. intrum